TerraClear is a for-profit social enterprise that focuses on overcoming barriers to clean water in Laos through the production and distribution of ceramic water purifiers. More than 30% of the population in Laos lack access to clean drinking water. Problems of poor water and sanitation are particularly prevalent in rural portions of the country where distribution of clean water is limited and expensive.  
TerraClear sells these water purifiers throughout the country and aims to give low-income communities increased access to the product.
With Kiva financing, TerraClear is expanding its services and distributing more clean water purifiers nationwide.
A Unique Lending Approach:
Clean water technicians are recruited from communities where TerraClear sells water purifiers. These individuals receive a base salary in addition to commission from their sales. Technicians go door-to-door selling filters in rural communities and offer financing options for households who cannot afford to pay the upfront cost for the product. The clean water technicians are the individuals featured on Kiva’s website.
With Kiva’s funding, TerraClear can meet the increasing demand for their water purifiers and expand access to clean water in rural communities. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 26, 2014 Oct 12, 2005
Total Loans $373,750 $674,837,525
Amount of raised Inactive loans $4,050 $538,275
Number of raised Inactive loans 4 290
Amount of Paying Back Loans $357,250 $127,218,275
Number of Paying Back Loans 345 140,664
Amount of Ended Loans $12,450 $547,080,975
Number of Ended Loans 7 683,280
Delinquency Rate 0.00% 5.73%
Amount in Arrears $0 $4,709,879
Outstanding Portfolio $228,683 $82,155,507
Number of Loans Delinquent 0 16,511
Default Rate 0.00% 1.12%
Amount of Ended Loans Defaulted $0 $6,101,289
Amount of Ended Loans $12,450 $547,080,975
Number of Ended Loans Defaulted 0 18,778
Currency Exchange Loss Rate 0.00% 0.20%
Amount of Currency Exchange Loss $0 $1,320,899
Refund Rate 0.00% 0.70%
Amount of Refunded Loans $0 $4,721,250
Number of Refunded Loans 0 5,239

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 68.21% 74.24%
Average Loan Size $60 $417
Average Individual Loan Size $1,159 $656
Average Group Loan Size $1,046 $1,840
Average number of borrowers per group 18.1 8
Average GDP per capita (PPP) in local country $3,100 $3,385
Average Loan Size / GDP per capita (PPP) 1.93% 12.32%
Average Time to Fund a Loan 0.67 days 6.08 days
Average Dollars Raised Per Day Per Loan $88.84 $68.60
  Average Loan Term 8.99 months 10.65 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 333,553
  Journaling Rate 5.88% 41.64%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.66

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 43.00% PY 32.07% PY
  Profitability (return on assets) 8.2% N/A -1.94%
  Average Loan Size (% of per capita income) N/A N/A 19.61%

Country Fast Facts

Field Partner Staff

Nathan Cole
Matt Nieswender

Kiva Fellow(s)

Kari Derenzi